Share this article
The coronavirus pandemic’s impact on the housing and building products industry has been swift and jarring, but recovery and growth to the sector could come quicker than you might think.
In other words, this won’t be like the crisis of 2008, according to Goldman Sachs’ Terry Hagerty, co-head of homebuilding & building products investment banking.
“Look – we are all human and we are all subject to some recency bias, and I think folks are looking to 2008 and approximating equity market performance and financial performance of the sector to be similar to what they saw then,” Hagerty said during a recent episode of the Exchanges at Goldman Sachs podcast.
“I will say the environment is much different from my perspective and for a couple of reasons.”
And what are Hagerty’s reasons?
As for trends that will emerge from this downturn, Hagerty notes a few key waves that investors should be closely eyeing.
Hagerty’s pick for most popular part of the home for repairs and remodels: outdoor living space.
This article is for informational purposes only and is not a substitute for individualized professional advice. This article was prepared by and approved by Marcus by Goldman Sachs, but does not reflect the institutional opinions of Goldman Sachs Bank USA, Goldman Sachs Group, Inc. or any of their affiliates, subsidiaries or division. Goldman Sachs Bank USA is not providing any financial, economic, legal, accounting, tax or other recommendation in this article. Information and opinions expressed in this article are as of the date of this material only and subject to change without notice. Information contained in this article does not constitute the provision of investment advice by Goldman Sachs Bank USA or any its affiliates. Neither Goldman Sachs Bank USA nor any of its affiliates makes any representations or warranties, express or implied, as to the accuracy or completeness of the statements or any information contained in this document and any liability therefore is expressly disclaimed.
Investing involves risk, including the potential loss of money invested. Past performance does not guarantee future results. Neither asset diversification or investment in a continuous or periodic investment plan guarantees a profit or protects against a loss.
Join our Marcus social media community, where we share content and inspiration to help improve your financial health. See you there!